Food Flavors Market - Forecast(2020 - 2025)
Food Flavors Market Overview: According to the U.N., food demand is estimated to increase from around 59% to 98% by 2050 owing to the rapid growth of population which is expected to reach about 9.3 billion by 2050. [1] The specialty food industry is growing at a rapid rate, due to advances in sustainability, plant-based foods, and a focus on regional flavors. Increasing adoption of various flavors and foods in every day meals across the globe is also contributing towards growth of the food flavor market . IndustryARC findings estimate that the global food flavors market, which was valued at $11.4 billion in 2018, is set to grow at a CAGR of 5.1% during the forecast period 2019-2025. “Matcha” is a variety of Asian green tea, which is a popular trend in tea market . In Japan, it is served as a ceremonial drink, and it is now gaining acceptance in all regions across the world. People in Asian countries are well-versed with their regional trends. Black...